According to Douglas Battista, Board of Director members should have an extensive range of expertise in an area that will serve the company well. As an example, a company may wish to point a financial advisor or lawyer to the board.
Leadership experience, specifically in the company’s field, is important for all board members. Douglas Battista explains that individuals with a history in technology, for example, will lend value to a tech startup as they typically know the ins and outs of the industry. They will also have contacts and prior business acquaintances that may bring value to the company as consultants or new employees.